Ruther Glen, Va.-based Union Bank & Trust made several new hires over the past two weeks, including John Stallings Jr., who was named president of the bank last Tuesday.
Stallings previously worked for SunTrust Banks Inc.’s Virginia division as the president and chief executive. In his new role, effective Sept. 29, Stalling will be in charge of the bank’s 111 branch offices in Virginia as well as commercial and retail banking, wealth management, mortgage, marketing and digital strategy, according to a company press release.
“[Stallings] has a deep connection to the region, operational expertise, and a proven record of success leading a multi-business strategy at banks in Virginia, Tennessee, and the Carolinas,” John Asbury, president and chief executive of Union Bankshares Corp. and CEO of Union Bank & Trust, said in the release. “Realigning our executive leadership structure to accommodate our greater size should speed up the accomplishment of our financial and strategic objectives as it enables me to put a greater focus on creating shareholder value through building and sustaining the company’s vision, mission, goals, long-term strategies, and future state.”
In addition, Nathalia Artus — former regional lending manager at Virginia Small Business Financing Authority (VSBFA) — joined Union Bank & Trust in August to serve as vice president of community development.
Founded in 1902, Union Bank & Trust has grown to be one of the biggest regional banks headquartered in Virginia, according to its website. The bank offers auto and powersports loans for new and used vehicles, boats, RVs, ATVs, and motorcycles, according to its website.
Separately, back in May Union Bankshares Corp. announced its intent to acquire Xenith Bankshares Inc., a community bank also headquartered in Richmond. When the acquisition closes in January 2018, Union Bank & Trust will have 148 branches and more than 220 ATMs, according to the website.
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